The Danish current account surplus widened to DKK 15.9 billion in December 2018 from DKK 12.3 billion in the same month of the previous year. The goods surplus rose to DKK 9.3 billion from DKK 6.7 billion in December last year; the primary income surplus increased to DKK 5.4 billion from DKK 5.1 billion, and the services account surplus went up to DKK 3.8 billion from DKK 2.4 billion in December 2017. Meanwhile, the secondary income deficit went up to DKK 2.7 billion from DKK 1.9 billion. Current Account in Denmark averaged 9446.27 DKK Million from 2005 until 2018, reaching an all time high of 20001 DKK Million in February of 2017 and a record low of -4967 DKK Million in March of 2008.
Current Account in Denmark is expected to be 5100.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Denmark to stand at 8500.00 in 12 months time. In the long-term, the Denmark Current Account is projected to trend around 6200.00 DKK Million in 2020, according to our econometric models.